Walmart adjusted two of its long-standing, in-house offerings this week, saying it was lowering the rates for its domestic Walmart2Walmart money transfer service and adding a digital money transfer service with Bluebird2Walmart.
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In the past, card issuers could lure new customers by offering a low promotional rate. But regulations in the wake of the financial crisis don't allow rate adjustments, and issuers also can't increase credit lines as they did in the past.
EBay Inc. failed to sustain investor enthusiasm that its turnaround efforts were working, reporting sales growth that continued to lag behind the e-commerce industry and didn’t narrow the gap with giant Amazon.com Inc.